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Watching Government
By Gabby Printz | February 2, 2010
Hi! Happy February!
I just wanted to stop in and share with you a piece of relevant advice we came across. It comes form Janet W. Christy, author of Capitalizing on Being Woman Owned: Expert Advice for Women Who Have or Are Starting Their Own Business.
In light of the status of the economy and small business in 2010, she advises:
“Watch government announcements closely. In 2009, two characteristics of the stimulus package (officially the American Recovery and Reinvestment ACT) became apparent. First, the money was going to come through the same channels it has always come – for example: road and bridge money would go to Departments of Transportation or cities or counties to award contracts. Second, most of the money was going to come very slowly. It is important to pledge to watch the government announcements about stimulus packages, incentives and other money related actions because those announcements will provide information about who will receive the money, how it can be used and may include clues about if and how Woman Owned Business can be involved.”
I’m sure many of you, like me, watched the State of the Union address last week. The focus, as predicted, was on the status of small business and jobs in our struggling economy.
President Obama offered these incentives:
“I’m proposing that we take $30-billion of the money Wall Street banks have repaid and use it to help community banks give small businesses the credit they need to stay afloat. I am also proposing a new small business tax credit – one that will go to over one million small businesses who hire new workers or raise wages. While we’re at it, let’s also eliminate all capital gains taxes on small business investment; and provide a tax incentive for all businesses, large and small, to invest in new plants and equipment.”
At this time, these are just executive proposals, so we remind you to watch the legislative process, see what is passed, and how it can ultimately benefit you.
What do you think about these proposals?
Leave a comment!
Topics: Biz Tips, In the News, Policy | 2 Comments »
February 22nd, 2010 at 7:44 am
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May 1st, 2010 at 6:20 am
I think that the stimulus package have helped a lot in restoring the economy. right now we can see some improvements in the economy. right now we can see some improvements in the eco”*”